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The
calculations assume that the income is received by a single senior. The tax
rates used are as known on August 19, 2014.

The total income in each case
includes:

$6,000 of Old Age Security

$6,000 of Canada Pension Plan retirement income

$24,000 of pension income eligible for the pension
tax credit

plus either

$30,000 of Canadian dividends eligible for the
enhanced dividend tax credit, or

$30,000 of other income, which could be
interest, foreign dividends, pension income, or other income with
no special tax treatment, or

$50,000 of Canadian eligible dividends, or

$50,000 of other income

Income
Type

Total
Income

Taxable
Income

Total Federal +
Provincial Income Taxes Payable in 2014

AB

BC

MB

NB

NL

NS

NT

NU

ON

PE

QC

SK

YT

A. Cdn Eligible
Dividends

$66,000

$76,529

$7,939

$7,453

$11,531

$9,682

$10,195

$11,746

$5,400

$6,254

$7,848

$10,787

$13,572

$8,933

$6,342

B. Other Income

66,000

66,000

13,761

13,539

15,852

15,883

14,998

16,449

11,811

10,525

13,569

16,169

18,300

14,910

13,281

Additional
Tax (B-A)

$5,822

$6,086

$4,321

$6,201

$4,803

$4,703

$6,411

$4,271

$5,721

$5,382

$4,728

$5,977

$6,939

C. Cdn Eligible Dividends

86,000

99,989

13,264

13,139

19,145

15,949

16,792

19,011

11,139

12,569

14,527

17,546

20,728

14,686

12,081

D. Other
Income

86,000

83,839

22,027

21,577

25,332

25,039

23,779

25,845

20,038

18,304

22,093

25,571

27,496

23,654

21,590

Additional
Tax (D-C)

$8,763

$8,438

$6,187

$9,090

$6,987

$6,834

$8,899

$5,735

$7,566

$8,025

$6,768

$8,968

$9,509

Notes:
- The clawback of OAS in Cases A ($871), C ($5,011) and
D ($2,161) reduces taxable income, and is included as taxes payable.
- BC includes MSP premiums payable for 2015 based
on 2014 income.
- NL dividends are assumed to be received evenly
throughout the year, so the taxes are lower than they will be in 2015.
- Ontario
- includes Ontario Health Premium.
- QC includes health contribution, contribution to the
health services fund, and prescription drug insurance plan premiums.